Venture-backed identity management startup GeoTrust has snapped up the assets of TrustCenter, a German smart-card maker.
The deal gives GeoTrust a major foothold in the European market, where TrustCenters smart-card products are used by 3,500 businesses, including SAP, Siemens, Airbus and Halifax Bank of Scotland.
Financial terms of the transaction were not released.
Hodges was one of the last executives remaining from the tenure of former CEO Bill Larson.
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